4 months ago
23
Hero MotoCorp to summation involvement successful Ather Energy to 41.9%
Hero MotoCorp plans to summation its involvement successful Bangalore-based electrical 2-wheeler shaper Ather Energy to 41.9%.
Currently, Hero MotoCorp controls a 39.7% involvement successful the EV maker. The institution plans to get an further 2.2% involvement by infusing up to Rs 124 crore successful cash.
“Investment is being made successful the signifier of acquisition of further shares from an existing shareholder of Ather Energy for the acquisition of up to 2.2% shares (on a afloat diluted basis),” Hero said successful its statement.
Hero MotoCorp has been 1 of the biggest investors successful Ather Energy. The latest acquisition of shares is expected to beryllium completed by July 31, 2024.
Source: ET Auto
